Shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC – Get Free Report) saw strong trading volume on Monday . Approximately 136,072 shares traded hands during mid-day trading, an increase of 307% from the previous session’s volume of 33,452 shares.The stock last traded at $128.15 and had previously closed at $127.66.
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Price Performance
The stock has a 50-day moving average price of $126.17 and a 200 day moving average price of $119.58. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 18.31 and a beta of 1.08.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of BBMC. Royal Bank of Canada increased its position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% in the first quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock valued at $400,000 after acquiring an additional 4,428 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock valued at $1,382,000 after acquiring an additional 10,765 shares during the period. Jane Street Group LLC bought a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 1st quarter valued at $1,592,000. Raymond James Financial Inc. acquired a new stake in JPMorgan BetaBuilders U.S. Mid Cap Equity ETF in the 2nd quarter worth about $144,000. Finally, Bank of America Corp DE boosted its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% in the second quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock valued at $655,000 after buying an additional 216 shares during the period.
JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Company Profile
The JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of US mid-cap equities, selected and weighted by market cap. BBMC was launched on Apr 14, 2020 and is managed by JPMorgan Chase.
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